Kelso increases stake in THG as it praises nutritional business
Private equity firm Kelso Group Holdings has acquired further shares in THG as it praised “the significant intrinsic value of the nutrition business”.
In a statement, Kelso identified a shift in consumption away from chocolate and sugar to health and nutrition, and identified 12 global food and beverage companies, including Nestlé, Coca-Cola and Pepsi, that are overly reliant on the sale of less healthy products.
Kelso highlighted the value of THG’s nutritional business particularly MyProtein and its direct-to-consumer digital model.
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